adidas AG (OTCMKTS:ADDYY) Receives Average Recommendation of “Moderate Buy” from Brokerages

adidas AG (OTCMKTS:ADDYY) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company.

Several research firms recently weighed in on ADDYY. Barclays reaffirmed an “equal weight” rating on shares of adidas in a research note on Monday, September 9th. HSBC downgraded shares of adidas from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd.

adidas Stock Down 0.5 %

ADDYY stock opened at $112.94 on Friday. The business’s 50-day moving average price is $122.31 and its 200-day moving average price is $122.07. adidas has a twelve month low of $88.03 and a twelve month high of $134.39.

adidas (OTCMKTS:ADDYY) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.09 by $0.25. The firm had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.01 billion. adidas had a net margin of 1.91% and a return on equity of 7.93%. On average, analysts expect that adidas will post 2.06 EPS for the current fiscal year.

Institutional Investors Weigh In On adidas

Several hedge funds and other institutional investors have recently modified their holdings of ADDYY. GAMMA Investing LLC lifted its stake in adidas by 23.9% in the second quarter. GAMMA Investing LLC now owns 612 shares of the company’s stock worth $73,000 after acquiring an additional 118 shares during the period. Capital Square LLC purchased a new stake in shares of adidas in the 2nd quarter worth approximately $1,616,000. Finally, Hantz Financial Services Inc. bought a new position in shares of adidas during the second quarter valued at approximately $4,809,000.

About adidas

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products in Europe, the Middle East, Africa, North America, Greater China, the Asia-Pacific, and Latin America. It offers footwear, apparel, and accessories and gear, such as bags and balls under the adidas brand; golf footwear and apparel under the adidas Golf brand; and outdoor footwear under the Five Ten brand.